Fluids q3 snapshot: $24.2 m LOSS, -14.3% margins. Cash on hand: substantially lower, current debt: substantially higher. Just when you think it can’t get any worse, it really does. You functional illiterates need a business class on how to run a... — read more
Say no more. Outstanding job by NR execs running this stock straight into the cr----r. Enjoy those options boys! Maybe, just maybe, all those high salaried employees aren’t nearly as valuable as they think. Poor performance = poor employee... — read more
Down 66% in 5 years. Down 34% in past 90 days. Accomplishing this while in a up cycle. Impressive results🤣🤣🤣
Simply laughable. 0 analysts with questions. A long term going out of business sale! Every officer of the company should be fired today. Every manager and salesman that has not been consistently turning 50% margins or greater, should be sh-t... — read more
Are we expecting any surprises ?
1 analyst only with a question. Folks, that should tell you all you need to know. When will the activist board member force hard changes? You certainly don’t need to be a brain surgeon to see this.
Most of the people I enjoyed working with left here a long time ago. Those were the people from whom something new could be learned every day because they were top experts. However there are still very capable and knowledgeable people here, but... — read more
Just heard David left Newpark. Wonder if he will be able to take work and talent.
Q4 financials out this afternoon. Fluids with a profit of $900k on an underwhelming .7 margin! But this is without corporate overhead of $26m. And read further down folks, $4.3m sales of property, equipment and assets contribute as well. Not to... — read more
Twas the night before Christmas, And all thru Howes house Not even a sound More Lost money just blowing around Come Paterson, come Vollands Come Armand, come all Howes will say your the ones That really dropped the ball As we all predicted The... — read more
1st ~ they fire presidency of fluids (again), then major investor calls for split of company. Noted that fluids “is a sinking ship” and corporate overhead is out of control. Folks, it’s only going to get worse in fluids. You get what you pay... — read more
Here is all you need to know about Fluids (from Newpark financials): $86.7m LOSS. -14.9% margins $43.6m LOSS. -11.0% margins $27.5m profit. 4.5% margins $40.3m profit. 5.6% margins $3.8m profit. 0.6%... — read more
That all the management at Newpark in Houston didn’t collectively have half a brain. Brash statement at the time, he didn’t mince his words. Truer words never spoken!
Continued quarterly losses with negative margins. By almost all metrics, failure at all levels. PH’s decision to “get younger” is the gift that keeps on giving! Enjoy this options boys! Fluids is the laughing stock of the patch.
5 spots in Oklahoma City Oilmens Golf filled by NP employees last week. Wouldn’t it be wise to use that for customers? More insanity, couldn’t script it any better🤣🤣🤣
Getcha popcorn ready!
Enjoy those options boys.....
With ex NP people? I know of at least 3.
When, where, and how many?
From CESDF q3 conference call (not sure who they were referring to, draw your own conclusion): At this point of the call, traditionally long-term followers of the company would expect a very granular operations and technical update for me. I want... — read more
$24m q3 loss for NP. Fluids contributes $19m loss with NEGATIVE 28% margins. But, but, but - we have increased market share. Amazing marketing plan NOT. Give it away and play the blame game on Hurricane season. PH AINT gotta clue.
Atrocious q2 earnings report.
Bottomed our at 251........
Down 13. Not good for any service company
Down 17. How low she go? I say rig count bottoms out in June at 250-275. Slim pickings for sure. Q2 numbers will be ugly folks. Reactive vs proactive management takes too long to adjust to market. What happened to all the “we can differentiate... — read more
That ain’t gonna stop the bleeding in US fluids boys. Negative margins are negative margins no matter how you slice it...
3m loss in fluids. I called it about a month ago. Too much fat on this Hawg
Down 57. Going to 250 folks...
Down 64. Looking like 250 to bottom out
Next stop 400. Cowboy up, this ain’t no 8 second ride
Paulie claims NP is in excellent financial shape, consider the REAL facts: Newpark has $160m in long term debt $85m of the $160m is due Dec 2021 - not too far off Currently $40-50m in liquid assets. It gets worse: the $40-50m currently in... — read more
For all former Newpark employees and job applicants. Newpark Resources complies with the General Data Privacy Rights legislation. You have a right to be forgotten and your personal data that they have collected be expunged from their systems unless... — read more
Down 64. Next stop 400
Would someone confirm this. I left in 2018. I wish you all the best and good luck as we battle through this pandemic.